Money
Barclays boss Staley "may be running out of lives" amid Epstein probe
- February 16, 2020
The investigation centres around "Mr. Staley's characterisation to the Company of his relationship with Mr. Epstein and the subsequent description of that relationship in the Company's response to the FCA", Barclays said . The relationship ended in the "middle to fall of 2015", Staley told reporters, saying there was no contact after he became chief executive of Barclays in December 2015. (more...)
- February 16, 2020
The investigation centres around "Mr. Staley's characterisation to the Company of his relationship with Mr. Epstein and the subsequent description of that relationship in the Company's response to the FCA", Barclays said . The relationship ended in the "middle to fall of 2015", Staley told reporters, saying there was no contact after he became chief executive of Barclays in December 2015. (more...)
Sanders Will 'Ruin' US Economy, Ex-Goldman Sachs CEO Says
- February 16, 2020
It is not the first time that Sanders and Blankfein were drawn into an online spat. Before becoming Treasury secretary, Mnuchin was the head of OneWest Bank, which foreclosed https://www.reuters.com/article/us-usa-congress-mnuchin/ex-goldman-banker-mnuchin-installed-as-treasury-secretary-idUSKBN15S0H0 on more than 36,000 homeowners after the financial crisis. (more...)
- February 16, 2020
It is not the first time that Sanders and Blankfein were drawn into an online spat. Before becoming Treasury secretary, Mnuchin was the head of OneWest Bank, which foreclosed https://www.reuters.com/article/us-usa-congress-mnuchin/ex-goldman-banker-mnuchin-installed-as-treasury-secretary-idUSKBN15S0H0 on more than 36,000 homeowners after the financial crisis. (more...)
German economy stagnates as eurozone growth reaches 7-year low
- February 16, 2020
This is below economists' expectations of a 0.1% expansion according to a survey by The Wall Street Journal. It's not all gloom - growth in the third quarter has been revised up to 0.2%. Destatis reports that German exports were "slightly down" in the last quarter, while imports of goods and services increased. Fourth-quarter GDP grew by 0.4 per cent compared with the same period previous year, Destatis said. (more...)
- February 16, 2020
This is below economists' expectations of a 0.1% expansion according to a survey by The Wall Street Journal. It's not all gloom - growth in the third quarter has been revised up to 0.2%. Destatis reports that German exports were "slightly down" in the last quarter, while imports of goods and services increased. Fourth-quarter GDP grew by 0.4 per cent compared with the same period previous year, Destatis said. (more...)
New COVID-19 cases outside Hubei drop for 11th consecutive day
- February 15, 2020
While China dispatched more medical teams and poured more resources to virus-hit Hubei and its provincial capital Wuhan, experts of the World Health Organisation ( WHO ) are converging here this weekend to join Chinese health specialists to contain the virus. (more...)
- February 15, 2020
While China dispatched more medical teams and poured more resources to virus-hit Hubei and its provincial capital Wuhan, experts of the World Health Organisation ( WHO ) are converging here this weekend to join Chinese health specialists to contain the virus. (more...)
World Rugby Sevens Series in Hong Kong, Singapore rescheduled due to coronavirus
- February 15, 2020
The Singapore tournament will now be played on October 10-11 with Hong Kong showpiece taking place a week later between October 16-18, which will conclude the 10-legged Series. Preparations for competitions in the city have also been impacted by long-running protests against the Government. MAJOR shopping mall landlords in Hong Kong are offering cuts of up to 60 per cent in the rent for February to help tenants ride out the effects of the novel coronavirus outbreak. (more...)
- February 15, 2020
The Singapore tournament will now be played on October 10-11 with Hong Kong showpiece taking place a week later between October 16-18, which will conclude the 10-legged Series. Preparations for competitions in the city have also been impacted by long-running protests against the Government. MAJOR shopping mall landlords in Hong Kong are offering cuts of up to 60 per cent in the rent for February to help tenants ride out the effects of the novel coronavirus outbreak. (more...)
Woman at center of seat recline controversy wants to sue American Airlines
- February 15, 2020
That's when she reclined her chair. Another wrote: "I would have stood up and said hey pal; I paid for this seat, the whole seat so keep your hands to yourself". "Especially American Airlines! " a Twitter user said. Those ensure airlines will do things like provide passengers with water when delayed on the tarmac or, if overbooked, ask passengers for volunteers before others are bumped off involuntarily. (more...)
- February 15, 2020
That's when she reclined her chair. Another wrote: "I would have stood up and said hey pal; I paid for this seat, the whole seat so keep your hands to yourself". "Especially American Airlines! " a Twitter user said. Those ensure airlines will do things like provide passengers with water when delayed on the tarmac or, if overbooked, ask passengers for volunteers before others are bumped off involuntarily. (more...)
Air Italy folds despite support from Qatar
- February 15, 2020
The Aga Khan , who founded the carrier as Meridiana in 1963, doesn't want to provide additional funding and Qatar Air can't boost its stake above 49% because of European Union rules, Il Messaggero reported. In April 2017, it was announced that due to Qatar Airways purchasing a stake in the airline, the airline was to complete a fleet modernization with 20 Boeing 737 MAX 8 aircraft. (more...)
- February 15, 2020
The Aga Khan , who founded the carrier as Meridiana in 1963, doesn't want to provide additional funding and Qatar Air can't boost its stake above 49% because of European Union rules, Il Messaggero reported. In April 2017, it was announced that due to Qatar Airways purchasing a stake in the airline, the airline was to complete a fleet modernization with 20 Boeing 737 MAX 8 aircraft. (more...)
Supreme Court rejects telecom operators' plea for new schedule for AGR payments
- February 15, 2020
The news comes after the Supreme Court, on Friday (February 14), pulled up Vodafone Idea for failing to clear the dues. "How can a government desk officer stay the SC order?" the bench asked. Let the desk officer also explain why appropriate action should not be taken and he should be present on the next date of hearing. The company's total dues are ₹35,586 crore. (more...)
- February 15, 2020
The news comes after the Supreme Court, on Friday (February 14), pulled up Vodafone Idea for failing to clear the dues. "How can a government desk officer stay the SC order?" the bench asked. Let the desk officer also explain why appropriate action should not be taken and he should be present on the next date of hearing. The company's total dues are ₹35,586 crore. (more...)
Protests in Solidarity with Wet'suwet'en Continue, Hit Corner Brook Today
- February 15, 2020
VIA announced the closure Thursday as blockades continue to spread to tracks across the country. Blockades set up by anti-pipeline protesters have forced Via Rail to shut down all of its passenger train services across Canada. "I think Canadians are losing patience with this". "These blockades are illegal", he said. Garneau, who was meeting his provincial and territorial counterparts, as well as representatives of national Indigenous organizations, stressed that he hopes there will be ... (more...)
- February 15, 2020
VIA announced the closure Thursday as blockades continue to spread to tracks across the country. Blockades set up by anti-pipeline protesters have forced Via Rail to shut down all of its passenger train services across Canada. "I think Canadians are losing patience with this". "These blockades are illegal", he said. Garneau, who was meeting his provincial and territorial counterparts, as well as representatives of national Indigenous organizations, stressed that he hopes there will be ... (more...)
Pension agency questions actions of McClatchy’s largest lender prior to bankruptcy filing
- February 14, 2020
Yet whatever the reasons for the failure of a company that publishes numerous biggest titles in American journalism, including the Miami Herald , Fort Worth Star Telegram , Charlotte Observer and its hometown Sacramento Bee , there is no doubting the cost: truth and knowledge in an era of rampant fake news and misinformation. (more...)
- February 14, 2020
Yet whatever the reasons for the failure of a company that publishes numerous biggest titles in American journalism, including the Miami Herald , Fort Worth Star Telegram , Charlotte Observer and its hometown Sacramento Bee , there is no doubting the cost: truth and knowledge in an era of rampant fake news and misinformation. (more...)
Amazon Strikes Back: Judge Blocks Microsoft’s JEDI Contract
- February 14, 2020
Amazon and Microsoft are industry leaders among cloud services providers. The project, known as Joint Enterprise Defense Infrastructure, or JEDI , will store and process vast amounts of classified data. Last year, Mr Trump told reporters that the USA was looking closely at the contract, noting that he had been getting "tremendous complaints" from several companies about it. (more...)
- February 14, 2020
Amazon and Microsoft are industry leaders among cloud services providers. The project, known as Joint Enterprise Defense Infrastructure, or JEDI , will store and process vast amounts of classified data. Last year, Mr Trump told reporters that the USA was looking closely at the contract, noting that he had been getting "tremendous complaints" from several companies about it. (more...)
ON YOUR SIDE: Virus outbreak blamed for forecast fall in oil demand
- February 14, 2020
The impact on demand for transportation fuels was exacerbated by the outbreak coinciding with the Lunar New Year holidays, when many Chinese return home to celebrate with family. OPEC, at its December meeting, agreed to reduce output by an additional 500,000 barrels per day through the first quarter. The IEA doesn't forecast changes in oil prices, but said consumers were unlikely to get much of a boost from cheaper petrol and diesel at the end of the day. (more...)
- February 14, 2020
The impact on demand for transportation fuels was exacerbated by the outbreak coinciding with the Lunar New Year holidays, when many Chinese return home to celebrate with family. OPEC, at its December meeting, agreed to reduce output by an additional 500,000 barrels per day through the first quarter. The IEA doesn't forecast changes in oil prices, but said consumers were unlikely to get much of a boost from cheaper petrol and diesel at the end of the day. (more...)
IBM adopts 'Slack' for its 3,50,000 employees
- February 14, 2020
The rivalry between the two has been somewhat strained recently, with Microsoft claiming Slack does not have the "breadth and depth that is really needed to rediscover what it looked like to work together". Business Insider was first to report the developments. It's always worth remembering that Slack vs. Microsoft is a very much a David vs. Goliath situation. (more...)
- February 14, 2020
The rivalry between the two has been somewhat strained recently, with Microsoft claiming Slack does not have the "breadth and depth that is really needed to rediscover what it looked like to work together". Business Insider was first to report the developments. It's always worth remembering that Slack vs. Microsoft is a very much a David vs. Goliath situation. (more...)
Pound jumps on hopes new Chancellor will turn on the spending taps
- February 14, 2020
Rishi Sunak has been appointed Chancellor of the Exchequer - the UK's finance minister - in succession to Sajid Javid, who resigned on a point of principle on Thursday, 13 February, after being ordered to sack his closest advisers. Sunak, the son-in-law of Infosys co-founder Narayana Murthy, will join Home Secretary Priti Patel on the top government bench as the Chancellor of the Exchequer. (more...)
- February 14, 2020
Rishi Sunak has been appointed Chancellor of the Exchequer - the UK's finance minister - in succession to Sajid Javid, who resigned on a point of principle on Thursday, 13 February, after being ordered to sack his closest advisers. Sunak, the son-in-law of Infosys co-founder Narayana Murthy, will join Home Secretary Priti Patel on the top government bench as the Chancellor of the Exchequer. (more...)
RBNZ Sets Bullish Tone; Drops Chance of Rate Cut This Year
- February 14, 2020
Gilligan said the central banks "don't want to panic everybody" with the Australian economy starting to demonstrate a turn-around and the latest raft of New Zealand data having been on the strong side. "There's no reason to think the NZD won't do its job, and move broadly together with our commodity prices, wherever they may head", Zollner warns. The growth rate for infections and deaths is now falling but the Chinese economy remains largely at a standstill and the outbreak is far from over. (more...)
- February 14, 2020
Gilligan said the central banks "don't want to panic everybody" with the Australian economy starting to demonstrate a turn-around and the latest raft of New Zealand data having been on the strong side. "There's no reason to think the NZD won't do its job, and move broadly together with our commodity prices, wherever they may head", Zollner warns. The growth rate for infections and deaths is now falling but the Chinese economy remains largely at a standstill and the outbreak is far from over. (more...)
Coronavirus: Senior Chinese officials 'removed' as death toll rises
- February 14, 2020
The nationwide toll rose to 1,380 on Friday, although 108 deaths in Hubei were removed from the tally after being double-counted. Some 242 deaths from the new coronavirus were recorded in the Chinese province of Hubei on Wednesday, the deadliest day of the outbreak. (more...)
- February 14, 2020
The nationwide toll rose to 1,380 on Friday, although 108 deaths in Hubei were removed from the tally after being double-counted. Some 242 deaths from the new coronavirus were recorded in the Chinese province of Hubei on Wednesday, the deadliest day of the outbreak. (more...)
January wholesale inflation quickens on fuel, manufactured products
- February 14, 2020
Manufacturing sector output declined by 1.2% compared to growth of 2.9% in the same month a year ago. Data showed the rate of inflation of the vegetable group at 50.19 per cent in January, against 60.5 in December. India's Industrial production dipped to 0.3 percent in December 2019 against 2.5 percent in the year-ago month on a poor show by the manufacturing sector. (more...)
- February 14, 2020
Manufacturing sector output declined by 1.2% compared to growth of 2.9% in the same month a year ago. Data showed the rate of inflation of the vegetable group at 50.19 per cent in January, against 60.5 in December. India's Industrial production dipped to 0.3 percent in December 2019 against 2.5 percent in the year-ago month on a poor show by the manufacturing sector. (more...)
DBS evacuates employees from MBFC after confirmation of coronavirus case
- February 14, 2020
The employee was tested on Tuesday and his infection was confirmed on Wednesday. An email seen by The Straits Times said that there was a confirmed case at the DBS Asia Central office on the 43rd story of Marina Bay Financial Centre (MBFC) Tower 3. (more...)
- February 14, 2020
The employee was tested on Tuesday and his infection was confirmed on Wednesday. An email seen by The Straits Times said that there was a confirmed case at the DBS Asia Central office on the 43rd story of Marina Bay Financial Centre (MBFC) Tower 3. (more...)
China coronavirus outbreak: All the latest updates
- February 14, 2020
Hundreds of infections have been reported in more than two dozen other countries and territories, but only two people have died from the virus outside mainland China - one in Hong Kong and one in the Philippines . Under new reporting requirements, cases are considered confirmed based on symptoms and a CT scan of the lungs. A nurse tears up as she talks about the situation in Jinyintan Hospital, designated for critical COVID-19 patients, in Wuhan in central China's Hubei province ... (more...)
- February 14, 2020
Hundreds of infections have been reported in more than two dozen other countries and territories, but only two people have died from the virus outside mainland China - one in Hong Kong and one in the Philippines . Under new reporting requirements, cases are considered confirmed based on symptoms and a CT scan of the lungs. A nurse tears up as she talks about the situation in Jinyintan Hospital, designated for critical COVID-19 patients, in Wuhan in central China's Hubei province ... (more...)
Amazon wins suspension of US$10 billion military 'Jedi' contract to Microsoft
- February 14, 2020
A judge ordered a block on the Joint Enterprise Defense Infrastructure (JEDI) initiative, a huge effort to modernise the U.S. military's computer systems, which the Department of Defense had awarded to Microsoft in October . In October 2019, Microsoft was announced as the victor of the contract. Microsoft in October won the Pentagon's Joint Enterprise Defense Infrastructure, or JEDI, cloud contract, estimated to be worth as much as US$10 billion over a decade. (more...)
- February 14, 2020
A judge ordered a block on the Joint Enterprise Defense Infrastructure (JEDI) initiative, a huge effort to modernise the U.S. military's computer systems, which the Department of Defense had awarded to Microsoft in October . In October 2019, Microsoft was announced as the victor of the contract. Microsoft in October won the Pentagon's Joint Enterprise Defense Infrastructure, or JEDI, cloud contract, estimated to be worth as much as US$10 billion over a decade. (more...)
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Qatar Airways starts to reinstate 18 more destinations till July 15